Real Estate Licensed and First Deal in Underwriting!

[Timothy Doenges]

Hello again, BP! 

Wanted to post here and publicly thank BP and all the active forum users that have helped guide me on my path to financial independence through real estate investing!

I've just caught up listening to the almost-300 BP podcasts, and through the strategies and success stories I heard there (and read in the forums here), I was motivated to obtain my West Virginia real estate license. I was able to line up a RE salesperson position with RE/MAX before I had even tested.

Also, I live in a tourist area in Central WV, so my interest naturally moved to vacation rentals. Again, because of the concepts taught on the BP Forums and Podcast, I have been able to creatively structure a deal that will be 100% financed, using a regional development fund to be junior lein and cover down payment, allowing me to use personal funds for business expenses and play defense against CapEx and Maintenance issues that may pop up. The deal is now in underwriting, which is AMAZING. So, thanks BP for the role you have played in helping me and my family get one step closer to financial independence!

[Steve Vaughan]

Timothy- congrats and please keep us posted!

I love me some creative financing. Share some details after you close!